POSCO Engineering & Construction, a unit of steel giant POSCO, said that it had completed Asia Special Steel plants in Japan, after it won the building order of KRW 234.7 billion in December 2007. Asia Special Steel, a JV between POSCO Steel Service & Sales Co Limited and Japan's Kotobuki Industries, has a furnace with an annual production capacity of 60 tonnes and other steel product production facilities with 120,000 tonnes a year.
The construction arm of POSCO is separately building thermal power plants in Chile's Ventanas, Angamos and Campiche, while it is set to complete a combined cycle power plant in Peru.
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